S&P Afms Lloyds Bank A-1+ CD,CP, Shrt-trm Cntrpty Rtg - S&P Global Ratings’ Credit Research

S&P Afms Lloyds Bank A-1+ CD,CP, Shrt-trm Cntrpty Rtg

S&P Afms Lloyds Bank A-1+ CD,CP, Shrt-trm Cntrpty Rtg - S&P Global Ratings’ Credit Research
S&P Afms Lloyds Bank A-1+ CD,CP, Shrt-trm Cntrpty Rtg
Published Sep 24, 1996
Published Sep 24, 1996
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 9/24/96 -- Standard&Poor's today has affirmed its `A-1'-plus commercial paper, CD, and short-term counterparty rating of Lloyds Bank PLC, following the announcement that Lloyds TSB Group PLC, the parent of Lloyds Bank PLC, is making an offer to acquire the 37.6% of Lloyds Abbey Life PLC that it does not already own. The financing of the deal is made up of a mix of equity and cash, with the minimum cash outlay being UK790 million and the maximum, UK1,220 million. While this represents a substantial purchase for the group, very strong earnings during 1996 should ensure that the impact on capital ratios will be only minimal when the deal is scheduled to

  
Report Type:

Ratings Action

Ticker
1004Q@LN
Issuer
Lloyds Bank PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United Kingdom
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Afms Lloyds Bank A-1+ CD,CP, Shrt-trm Cntrpty Rtg" Sep 24, 1996. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Afms-Lloyds-Bank-A-1-CD-CP-Shrt-trm-Cntrpty-Rtg-78279>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Afms Lloyds Bank A-1+ CD,CP, Shrt-trm Cntrpty Rtg Sep 24, 1996. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Afms-Lloyds-Bank-A-1-CD-CP-Shrt-trm-Cntrpty-Rtg-78279>
  
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